Ask Experts Questions for FREE Help !
Ask
    queenofdanger's Avatar
    queenofdanger Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 16, 2010, 07:21 AM
    Who is Required to Receive a 1099?
    Who is required to receive a 1099
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
     
    #2

    Jan 20, 2010, 03:15 PM
    Hi, queenofdanger!

    Your question is more of something that concerns taxes. So, I've moved it from Other Money & Services to this forum topic area, where it will be more likely to be noticed and addressed by our Tax Experts.

    Thanks!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Jan 21, 2010, 10:41 AM
    The person or business that pays MORE than $600 annually to someone for services rendered is obligated to orginate a Form 1099-MISC to document those payments.

    Copies of the Form 1099-MISC is sent to the IRS, the state tax authority and to the person to received the payments.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

H1B receive both W2 and 1099 [ 14 Answers ]

I got H1B in 2004. In 2005 I helped one professor with a project. At that time I didn't know it is not legal to work for someone who is not your H1B sponsor. In 2006 I received both W2 from my current employer and 1099 from the professor. The amount he paid me (about $10,000) was listed in #7...

Can I 1099 someone else if I receive a 1099C [ 4 Answers ]

Long story short, my wife and I are on a home loan, where a family member has the title in his name. If the property is foreclosed or a short sale is done and we get 1099c'd, can we inturn 1099 the family member thus removing that "income that never was"?

Did not receive 1099 NT [ 1 Answers ]

I have just become a resident alien for tax purposes, after 2 years on J1. My problem is that I don't have a 1099 INT from my bank. I called them and they told me my interest was only 3.99 and they only send them out if interest is over $10. I'm not sure how to fill out the 1040EZ since I don't...

Can a 1099 receive Vacation Benefits [ 1 Answers ]

If an employee moves from a W2 to 1099, Are they entitled to cash out on their remaining vacation benefits?


View more questions Search